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Natures Refuge <br />Development Agreement <br />September 14, 2020 <br /> page 7 <br />reimburse itself from the Escrow with suitable documentation supporting the <br />charges. <br />16. Developer Fees. At the time of execution of this Agreement, the Developer shall pay <br />the following fees related to the development of the Subdivision (See Exhibit C for <br />breakdown of costs): <br />a. Park Dedication <br />The Park Dedication Fee for this site is calculated as follows: <br />61 units x $3,150 per unit = $192,150 <br />Trail Construction Credit = ($55,000) <br />TOTAL PARK DEDICATION FEE = $137,150 <br />b. The Developer shall pay 15 months of maintenance and energy costs for street <br />lights installed within the Subject Property at the rate of $8/month/light. After <br />that the City will assume the costs. <br />c. Sealcoating. Not Applicable. <br />d. GIS Mapping Fees <br />e. Trunk Sewer Connection Fees <br />The City established trunk utility connection fees to uniformly distribute the <br />costs of public trunk sanitary sewer infrastructure. The Trunk Utility Connection <br />Fee consists of two components; a Trunk Charge and an Availability Charge. <br /> <br />Trunk Charge <br /> <br />The trunk charge shall be paid at the time of subdivision approval or at the time of <br />hook-up, whichever is first. Residential trunk charges are based on one unit per <br />dwelling unit. Commercial/Industrial/Institutional (CII) trunk charges are based on <br />a factor of 2.92 units per acre. <br /> <br />Sanitary Sewer $1,606.00 Per Unit <br /> <br />Availability Charge <br /> <br />For residential properties, the availability charge shall be paid at the time of <br />subdivision approval or at the time of hook-up, whichever is first.